Two Senators Propose Hike for Gasoline Tax
Two U.S. senators said they want to raise the federal gasoline and diesel tax by 12 cents a gallon to prevent a fund that pays for about half of the country’s transportation projects from running out of money in August.
Automotive News reported that U.S. Sen. Bob Corker, R-Tenn., and Sen. Chris Murphy, D-Conn., called for raising the tax 6 cents a year for two years and linking future fuel tax increases to inflation.
The gasoline tax is now 18.4 cents a gallon, and the diesel tax is 24.4 cents a gallon.
The tax has not been increased since 1993, and hiking taxes is politically unpopular ahead of midterm elections in November.
Corker said in a statement: “Growing up in Tennessee as a conservative, I learned that if something was important enough to have, it was important enough to pay for. That’s how we’ve governed in the Volunteer State, which has resulted in the second best transportation system in the country without having one penny of road debt.”
“I know raising the gas tax isn’t an easy choice, but we’re not elected to make easy decisions. We’re elected to make the hard ones,” Murphy said in a statement.
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